Millwall Report £300,000 Loss Despite Player Sales Profit

Millwall have reported a pre-tax loss of £300,000 for the most recent financial year, according to the club’s latest accounts.

The Championship side were helped financially by a £21.6m profit from player sales, largely driven by the departures of Zian Flemming to Burnley and Romain Esse to Crystal Palace.

The result marks a significant improvement compared to the previous year, when the club recorded a £19.1m loss.

Millwall, who currently sit third in the Championship and one point off the automatic promotion places, have also increased spending as part of a wider long-term strategy.

The club’s wage bill rose by 12% to £28.6m during the reporting period, a figure equivalent to around 120% of total revenue.

Meanwhile, Millwall invested £7.4m into their training facilities, with a large portion of the funds used to acquire the freehold of the Calmont Road training ground.

"The 2024-25 season represented one of real change at the football club, with record level of playing squad and infrastructure investment in line with our long-term plan," Millwall managing director Mark Fairbrother said in a statement.

"The catalyst for this change was helped through the sale of Zian and Romain and allowed for the reinvestment of these proceeds to drive the club forward on all fronts.

"During the year, the chairman [James Berylson] invested a further £15.7m into the club and the support of the Berylson family, along with their passion and drive is invaluable to the club, and we remain extremely appreciative of this support and commitment."

Millwall’s total revenue rose by £2.5m year-on-year to £29.3m, largely due to the new English Football League broadcasting deal with Sky Sports.

However, staff costs increased by £3m from £25.6m to £28.6m during the same period.

Matchday income also dipped slightly, falling from £7.4m in 2024 to £7.3m in 2025, which the club attributed to a small reduction in overall attendances driven by lower season ticket sales.